Decision and Risk Analysis


Decision and Risk Analysis helps organizations make decisions to maximize their utility in the presence of risk and uncertainty. It helps them make a risk-informed decision. Included here are three documents. The first, presenting modern decision analysis methods, was written by Dr. Harry Saunders who is a Senior Associate of Hulett & Associates, LLC.

"Modern Decision Analysis Methods", describing the entire approach to developing alternative scenarios and evaluating them using tools and methods of decision analysis that have undergone highly practical improvements in the last few decades.

Uses of decision tree analysis for two types of organizations are shown in the other two papers:


  • “It is to be hoped that Hulett's approach will be adopted... to produce more realistic... projections of project outcomes - to set more achievable targets and to point towards more effective risk mitigation actions.”
    -- Philip Rawlings, Director, Euro Log Ltd

  • “This is an extremely important book, which presents a depth of understanding of estimating and scheduling rarely seen in industry.”
    -- John Greenwood

David T. Hulett, Ph.D. FAACE